Tag: Difference-in-differences

We measure the regional impact of the European Capital of Culture programme using a difference-in-differences approach. GDP per capita in hosting regions is 4.5 % higher compared to non-hosting regions during the event, and the effect persists more than 5 years after it. This result suggests that the economic dimension of the event is important and supports claims that the event serves as catalyst for urban regeneration and development.

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Does hosting the prestigious European Capital of Culture event influence the life satisfaction of the local population? We find a negative effect on the well-being of the regional population during the event. Better educated people suffer less as they benefit from the extended cultural supply.